Letters to Congress: Letter in Support of Taking Action to Prevent Additional Bank Failures and Safeguard Consumers

View or download a PDF of the letter here.

After Wednesday’s sign on letter supporting bills for bank safety and transparent use of systemic authority after the 2023 bank failures, these two key Dem-led bills passed committee. Ranking Member Waters announced today the passage of two key bills in response to the Silicon Valley Bank and other bank failures in 2023. These Democratic-led, bipartisan bills, passed during yesterday’s full committee markup, are “aimed at safeguarding consumers and taking steps to prevent additional bank failures following the collapse of Silicon Valley Bank, First Republic, and Signature Bank last year,” according to Thursday’s announcement.